VUNG TAU is the largest city and former capital of Bà Rịa–Vũng Tàu Province in Vietnam. The city area is 140 km2 (54 sq mi), consists of thirteen urban wards and one commune of Long Son Islet. Vũng Tàu was the capital of the province until 2012, and is the crude oil extraction center of Vietnam.
Vung Tau is located in the south of Vietnam, situated at the tip of a small peninsula. It has traditionally been a significant port, particularly during Vietnam’s period of French rule. Today, the city’s importance as a shipping port has diminished, but it still plays a significant role in Vietnam’s offshore oil industry. Vũng Tàu is the only petroleum base of Vietnam where crude oil and natural gas exploitation activities dominate the city’s economy and contribute principal income to Vietnam’s budget and export volume. Vũng Tàu shipyard’s reconstruction is scheduled to be completed in 2008, supplied with up-to-date anchor handling supply vessels of Aker.
Beaches Vũng Tàu has extensive beaches, including Back Beach (Bãi Sau) and Front Beach (Bãi Trước).
Resorts and theme parks. A big resort project has just been licensed by the Vietnamese government, the Saigon Atlantis. Upon completion, this entertainment project worth US$300 million in capital investment will include resorts, shopping, sailing. The investor of this project is proposing to raise the investment capital to USD $4 billion. Two other noteworthy entertainment projects awaiting licensing are Vũng Tàu Aquarium, which will cost USD 250 million, and Bàu Trũng, a Disneyland-like entertainment park which will cost US$250 million. The project includes Landmark Tower, an 88-story skyscraper proposed to be built and completed by 2010 in Vũng Tàu by a USA-based company, Good Choice Import – Export Investment Inc, once built will likely be the highest building in Vietnam. The project is under consideration for approval by the local provincial government.